Thursday, May 3, 2012

AAPL Update

I'm going with AAPL May $575 Calls, this is a smaller position than normal as I consider this a speculative trade. I'll likely look to exit the trade (if successful) ASAP. The May calls were about 1/3 the price of the June and I''m looking for a short term move.


Here are some charts that influenced my decision.

 2 min

 3 min

 5 min

 10 min

 15 min

No matter what I may think about the rest of the market, when I have that many positive divergences, this is a high probability 3C trade.

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